How can businesses prioritize responsibility while utilizing AI technology in their operations?

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Financial Times 1 mo ago

How can businesses prioritize responsibility while utilizing AI technology in their operations? - Financial Times

Quick Summary:

Some see AI as supercharging progress on climate goals through everything from enhancing electric grid efficiency to applying analytics to satellite imagery to map deforestation and carbon emissions in real time.“It’s a very big deal,” says Mike Jackson, managing partner at San Francisco-based Earthshot Ventures, which invests in climate tech start-ups.“Things are going to change much faster than people realise — and that’s going to be a significant boon for the climate.

This is something Responsible Innovation Labs, a coalition of founders and investors, is promoting among the next generation of high-growth tech companies.“Responsible AI should be an essential mindset and operating norm in the earliest stage of company building,” says Gaurab Bansal, executive director of the San Francisco-based non-profit.

Whether turning to internal or external resources, there is one element of a responsible approach to AI that so many agree on it has its own acronym: HITL, or human in the loop — the idea that human supervision must be present at every stage in the development and implementation of AI models.“Let’s not give up on human expertise and the ability to judge things,” says Ivan Pollard, who as head of marketing and communications at The Conference Board leads the think-tank’s development of online guidance on responsible AI.